| Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
|---|
| Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
|---|
| Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
|---|
Taiwan Semiconductor Manufacturing Co (NYSE:TSM) continues to lead the global foundry market, holding a 62% share in the second quarter of 2024. Samsung Electronics (OTC:SSNLF), which has a 3% market share, follows suit.
Taiwan Semiconductor’s $877 billion market cap reflects a strong demand for artificial intelligence (AI) and a robust semiconductor ecosystem.
Also Read: Taiwan Semiconductor Ramps Up Overseas Investments with $1.95B in Subsidies, Eyes Long-Term Growth
It also looks to double its production capacity for Chip on Wafer on Substrate (CoWoS) technology by 2024.
Additionally, Taiwan Semiconductor intends to raise prices for its 3-nanometer and 5-nanometer process products by up to 8%, a strategic move that could further solidify its market position and enhance profitability.
Taiwan Semiconductor clocked a second-quarter topline growth of 40.1% year-over-year, quashing the analyst consensus backed by strong demand for 3-nanometer and 5-nm technologies.
Samsung Electronics also makes strategic advancements, particularly in AI and high-performance computing (HPC) applications. The company is focusing on advancing its 2nm process to meet future technologies’ high-performance, low-power, and high-bandwidth requirements.
Intel Corp (NASDAQ:INTC) announced plans to introduce 1.4nm ultra-fine processes by 2027. It clocked a second-quarter topline growth of 0.9% year-on-year, trailing the analyst estimate. It shared plans to downsize its workforce by over 15%.
Taiwan Semiconductor stock gained 80% in the last 12 months. Intel plunged over 40%.
Investors can gain exposure to the semiconductor sector through SPDR S&P Semiconductor ETF (NYSE:XSD) and ProShares Ultra Semiconductors (NYSE:USD).
Price Action: TSM stock traded lower by 0.81% at $167.70 premarket at the last check Tuesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo by Jack Hong via Shutterstock
